Retail Dive

Harris Teeter confirms possible sale

Feb. 15, 2013


Dive Summary:

From the article:

"... Jeremy Diamond, a retail analyst based in Baltimore, said in the trade publication Progressive Grocer that he expects a competitor to buy Harris Teeter.

'The company has a solid store base, caters to a higher household income bracket in most of the neighborhoods where it operates, and would have multiple competitors interested in buying the company,'Diamond said. He said upscale grocers, including Whole Foods, Wegmans, and Ahold, which operates Giant and Stop & Shop, could buy all or part of Harris Teeter. ..."